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unconstitutional but is still under appeal. among the states filing the brief, florida, indiana, michigan, virginia and utah. >>> it wasn't a pretty picture what happened to lehman brothers. it was the biggest bankruptcy in history. now some pay back. how people lined up to own a piece of history. >> $380,000. >> reporter: art collectors picked up some of the most valuable assets from lehmam brothers. some of these works of art graced the office walls of executives for more than a century. >> in a way a collector's collection. it's not a corporate collection. it bears the -- very intel against people. >> reporter: they had the right stuff on the walls but the wrong stuff on its balance sheet. >> much better at picking art than picking commercial realist seat. >> reporter: risky bets and excessive debt doomed them. regulators refused a bailout two years ago causing them to declare bankruptcy. all told the auction made more than $12 million. wednesday art in england goes up for auction. >> even if we get 3 million that's a drop in the ocean compared to their debt. >> reporter: they set a record f
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